Shares were last up 0.4% at $471.55 after hitting a record high of $481.87 minutes after the market opened and crossing its previous peak of $480.88 on July 14.
Since acquiring the chip designer in 2016, SoftBank CEO Masayoshi Son has positioned Arm as the tech investment conglomerate s crown jewel asset, and in recent months has enthusiastically talked up the role it could play in AI.
More than money, engineering talent, hype or even profits, tech companies this year are desperate for GPUs. The hunt for the essential component was kicked off last year when online chatbots like ChatGPT set off a wave of excitement over AI, leading the entire tech industry to pile on and creating a shortage of the chips.
You have a lot of people coming in from the west coast obviously into las vegas. tokyo on the other hand is a completely new project. we re partnering with balloona which operates hotels as well in japan. and so we re going to be inside their new hotel in ginza with this new project we can really custom make a night life experience that i don t think japan has ever had before. to tech now and japan s softbank group. softbank is an enormous cluster of companies a conglomerate with fingers in many pies around the globe. it s at the forefront of lots of international tech investments into things like cutting edge artificial intelligence and robotics. softbank is due to post its latest earnings today and is expected to report a return to profit on the back of things like the recent ai boom. lets talk this through with mark schaub international partner at king & wood mallesens. marc, good to have you on the programme. talk us through
Several podcasts are available for those interested in understanding artificial intelligence and its effects on society. The AI-focused miniseries, "Bot Love," explores the subject of intimacy between humans and AI companions, highlighting the potential harms of AI as a mental health tool.